Cambridge University agrees to explore fossil fuel divestment plan
Ex-archbishop of Canterbury Rowan Williams welcomes plans for fully costed proposals
The former archbishop of Canterbury Rowan Williams has welcomed an “urgent change” by Cambridge University, after it agreed to provide fully costed plans setting out how it could divest multibillion-pound endowments from fossil fuel corporations.
The university’s management accepted a motion, known as a grace, which urged Cambridge to “set out fully the advantages and disadvantages, including the social and political ones”, of divestment from global coal, oil and gas companies.